The Israeli ocean carrier reported a net loss of $6.4 million for the quarter compared with a $56.3 million loss in first quarter 2016.

However, the Danish shipping conglomerate’s ocean carrier subsidiary, Maersk Line, recorded a $66 million loss for the quarter.

Intermarine’s expansion follows a March announcement by Weco (formerly Nordana) that it was terminating a roll-on/roll-off service to the Mediterranean after 60 years of operation.

The troubled Taiwanese ocean carrier plans to raise more capital next month after reporting higher revenues and container volumes.

​The parent company of less-than-truckload carrier ABF Freight suffered a net loss of $7.4 million in first quarter 2017 compared with a $6.1 million net loss in the same 2016 period, even as revenues rose 4.8 percent to $651.1 million for the quarter.

The Commerce Department has launched antidumping and countervailing duty investigations into the imports of cold-drawn mechanical tubing from China, Germany, Italy, India, South Korea and Switzerland.

The American Petroleum Institute hailed the decision by U.S. Customs and Border Protection to withdraw an Obama-era proposal to withdraw Jones Act exemptions, but the Offshore Marine Service Association says it will hurt workboat operators and shipyards.

Two U.S. House representatives have filed a bill to promote programs in two-year community and technical colleges to stimulate jobs in the domestic maritime industry.

The mail carrier and logistics provider recorded consolidated net profits of 673 million euros (U.S. $731.6 million) on revenues of EUR 14.9 billion for the first quarter of 2017.

The new airfreight service aims to facilitate textile trade between Ohio and Colombo, Sri Lanka; Abu Dhabi, UAE; and East Midland, U.K., according tot a statement from the Columbus Regional Airport Authority.